- Vitalik Buterin sold 10 billion MOODENG, donating most of the proceeds to a biotech charity.
- Vitalik still holds 40 billion MOODENG tokens, valued at approximately $4.32 million.
Through Cow Swap, Ethereum co-founder Vitalik Buterin made news lately, selling 10 billion MOODENG memecoins for 308.7 ETH, about $500,000. The sale took place UTC+8 between 19:18 and 19:36, most of the earnings went toward a charitable cause.
According to SpotOnChain, Buterin then sent 260.15 ETH, over $424,000, to the Kanro contract, a charitable one he started last year. With an emphasis on biotech research and anti-airborne disease technology, Kanro’s donation is another instance of Buterin’s dedication to using his crypto riches for good.
Vitalik Buterin (@Vitalikbuterin) sold another 10B #MOODENG ($822K) for 308.68 $ETH an hour ago!
And this time, he sent 260.16 $ETH ($642K) to the charity #Kanro.
Currently, Vitalik Buterin still holds 40B #MOODENG ($7.56M), ~9.51% of the total supply.
Follow @spotonchain for… https://t.co/xMMaeOZacb pic.twitter.com/DocmSXo1VW
— Spot On Chain (@spotonchain) October 7, 2024
Buterin Encourages Charitable Use of Memecoins for Greater Good
Buterin’s selling of MOODENG fits a larger trend whereby he sells several memecoins to help humanitarian projects. He still owns forty billion MOODENG tokens, valued roughly $4.32 million as of right now.
Buterin has freely urged the memecoin community to participate in like-minded charitable activities; these memecoins have become an attractive instrument for generating awareness and sponsoring good causes.
Buterin has been using memecoins for good, not only in his most recent activities with MOODENG. For a total of 140.6 ETH, or roughly $340,000, he previously sold stablecoin USDT along with other memecoins, including DEGEN, Neiro, and Kabosu. Of that sum, $242,000 went toward the “Free Alexey & Roman” campaign, therefore underscoring his dedication to help several causes by means of cryptocurrency donations.
Fascinatingly, for some, MOODENG has evolved into a very profitable investment as well as a charitable source. In a well-known instance, as we previously highlighted, one investor realized a profit of 11,534x the initial $815 in MOODENG, transforming an initial investment into an astonishing $9.4 million in a few days.
Meanwhile, MOODENG is trading at about $0.1529 at the time of writing, having risen 25.94% over the last 24 hours. Trading volume has jumped by 62%, landing at $198.96 million.
